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Singapore Executive Condo

                  

 

 

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All About Executive Condominum (EC)

The Executive Condominiums Housing Scheme (ECHS) was introduced in 1997 to cater to the aspirations of Singaporeans, especially young graduates and professionals to live in private properties.

ECs are developed and sold by private developers.  They are comparable to private condominiums in design and facilities but are sold at more competitive prices.  In general, the pricing range for Executive Condominium is about 15 - 30% lower than new private condominium around the same vicinity.  Also,

  CPF Grant 30K
  • Eligbile 1 st timer applicant can also apply for housing grant (up to $30,000) that can be used as part of the downpayment for the EC unit.
  • Eligible 2nd timer applicants do not need to pay any resale levy for their 1st subsidized flat where the land for EC development was sold before 9 Dec 2013.

Similar to private condominium, ECs are sold with strata titles.  This allows buyers to collectively own common property like car parks and recreational facilities. 

ECs are different from private condominium in that only applicants who meet the basic eligibility conditions are allowed to submit an application to purchase.  In addition, buyers are required to maintain their eligibility from the application date till key collection and physically occupy the EC unit for the first 5 years. 

Owners are not allowed to sell their EC unit before the expiry of the Minimum Occupation Period (MOP) of 5 years.  After 5 years, it can only be sold in the open market to Singaporean and/or Permanent Residents. After 10 years, all restrictions are lifted and the fully privatised EC unit can be sold to any person in the open market.   

Between the period from 1997 to 2003, a total of 8214 units from 17 EC projects were sold before a temporary halt due to prevailing soft market situaion.  The ECHS was revived again in 2010.  Since then, as of date (June 2021),

  • Total of 10,574 units across 20 EC projects had met the 5 years MOP and open for resale to  SC / SPR.
  • Another 13,058 units across 23 EC projects had been sold, pending 5 years MOP compeltion.
  • There are 6 recent EC projects with available units for sale and
  • Another 2 upcoming projects likely to be launched by next year.

 

New Executive Condominiums from Developer

A complete list of Executive Condominiums containing the current, upcoming, completed and past EC projects can be found in the List of Executive Condominium section

 A graphical representation of recent EC launches is shown below:

Recent EC Launches May 2021

 

 

 

FAQs - General Information on EC

+ 1. What type of facilities are provided in the Executive Condominium (EC) development?

+ 2. What is a dual-key unit and who can buy such unit?

+ 3. What are the roles of the developers in EC development?

+ 4. If I buy an EC unit with the CPF Housing Grant now, what is the resale levy payable if I subsquently sell the EC unit and buy a HDB flat in future?

                

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 Testimonial

"Thank you for patiently taking your time to show us the mock-up flats, explaining the orientation of the scale models and providing us with valuable insights into the project and financing options.

Both myself and my wife really appreciate your effort."

 -- Hairul
 

"Among the agents I have come across so far, you are one of those few whom I feel at ease and comfortable speaking to. This is my frank and sincere opinion.   You truly live up to your words “Honesty and Integrity”

-- Chee Kin

"Thanks for your very kind and helpful adivce.  The testimonials were very true indeed. Another agent from xxxx is trying to make me appoint him as sole agent for EC, but did nothing much to advise like you did.  I really appreciate it"

-- J Ong

From a satisfied client who was referred by his friend. 
Read full transcript

"He gave us good advice based on our requirements. ....
He paid details to every single stage of the process and returned all phone calls, texts and emails the same day.  We never felt neglected or unimportant."

-- Sean Lee

  

 

Take the first step in buying an EC
Register your interest and/or enquiry below or Call/Sms 91861688


 

 

 

 

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